Daily Chart
The lower high lower low candle continues.Close however was above the 200 dema and the candle formed has a long lower shadow indicating stalling of the selling.This could be temporary unless it breaks out above the downtrendline -- resistance line of the flag -- at 5345 to begin with.The positive divergence on OBV is intact indicating buying strength.
Daily Chart II
Half Hourly Chart
The possibility that a right shoulder of an inverse head and shoulder pattern is forming keeps bullish views alive.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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